Analyst: This U.S. election will not change the long-term macro market outlook

ChainCatcher news, Pepperstone analyst Michael Brown stated that a Trump victory could shift market focus to re-inflation, anticipated tax cuts, and potential tariff issues. The initial market reaction may include a stronger dollar and a decline in government bonds. Expectations for reduced regulatory burdens could boost the stock market, particularly in energy and defense sectors.

He noted that a Harris victory might lead to a weaker dollar, as hedging operations related to Trump are unwound, allowing the trade-sensitive foreign exchange market to "breathe a sigh of relief." Expectations for more expansionary fiscal policies could put pressure on government bonds, while concerns over stricter regulations might weigh on the stock market. However, any decline could be quickly bought on dips, with clean energy and tech stocks potentially performing better. This largely depends on the composition of Congress. For those wondering whether this election will change the long-term macro or market outlook, Brown's answer is "absolutely not." (Jin Shi)